Cryptocurrency Q&A Why is XAUUSD falling?

Why is XAUUSD falling?

CryptoPioneer CryptoPioneer Sun Nov 24 2024 | 7 answers 1648
I've been monitoring the XAUUSD market recently and noticed a significant downward trend. I'm curious to understand the reasons behind this fall as it seems to be quite persistent. Why is XAUUSD falling?

7 answers

SejongWisdom SejongWisdom Tue Nov 26 2024
The global economy is currently experiencing a downturn.

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mia_clark_teacher mia_clark_teacher Tue Nov 26 2024
This downturn could potentially have a negative impact on demand for precious metals.

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CryptoNerd CryptoNerd Mon Nov 25 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.

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SoulWhisper SoulWhisper Mon Nov 25 2024
As a result, the gains of precious metals might be limited during this period.

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EnchantedSoul EnchantedSoul Mon Nov 25 2024
On the contrary, the Federal Reserve's efforts to lower inflation have not been progressing as expected.

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